This week our professor @besticofinder helped us spreading the knowledge of crypto investments where he stated about the basic facts which we all should consider before jumping into a Bull Run , I as a beginner didn't knew many things which i learn't after having some research which i would be sharing in this Post.

Parts Of Crypto's That Should be Focused Before Diving In:

Many of new crypto's users/beginers have a thought of buying a lowered price coin with lots of money and to have believe that it might reach the price of btc in the future. This Statement Is completely False to do !

Before investing into Any Currency We must have a Little Research About its IDEA,Concept,Their Future Plans and ofcourse the site offering any coin must be trust worthy

Now how are we going to know About its Trust Worthness?
Easily As mentioned by Our Crypto Professor we must have to dive in these things to know on which coin we should invest.

Though I Believe that our Predictions Cannot be 100% True but with the proper Research we all can do atleast minimum true predictions.

Now I Would be Going have brief research over the Objectives/Homeworks Given by @besticofinder .

Fundamental analysis And Choosing The Crypto To invest ?

I scrolled alot on coinmarketcap,coingecko and other Platforms who take active part in sharing the Market Cap , Volumes and other things related to any crypto.

While Scrolling i Found a Currency Which Looks Quite Profitable For me. The name of That Coin is FileCoin It is ranked at 33 which caught my attention so with the help of professor's guideline I jumped into Fundamental Analysis of this Coin.

Necessary Details About Its Market:

1 Year Lowest : 2.23$
1 Year Highest : 131.8$
Price Right now : 53$
MarketCap : 3,073,320,324$
24 Hr/s Volume : 1,822,396,415$
Max Supply : 2,000,000,000 Fil
Total Supply : 57,457,689 Fil

I went Through Its White Paper and got its Concept:

Project Concept and Project purpose:

The project has pointed a big Problem of Real World which is Storage Solution and we have seen many Centralized Storage System's Providing Paid/Free Storage Services but what if We make it Decentralized ? Yes after making it Decentralized there is No Risk of File Getting Hacked !

Their Is User by User profitability in this Project how? as the user who want his/her file to be placed/stored securely will pay for that documents on the other hand the miners or those who provide storage facility will get paid.

The concept is pretty simple but thats not the only thing which caught my attention towards it.

Now everyone can rent out his/her spare storage to anyone for their purpose of using storage.

Advantages of Using FileCoin

there are certain advantages of using fileCoin Compartively to others which are mentioned in their website.

Price/Cost : By making it Decentralized there would be hundreds or even thousands of users who would be taking part in this project, they would rent their unused storage to buyers.

Economically Efficient : We are spending millions to make new storages but with filecoin we can reduce our spendings.

Secure : Its could be the most Securest Storage Providing project as its decentralized means the hacker won't be hacking all through hitting one place, but on the other hand as in crypto currency if you loss anything there would be no one for the claim of your property so be sure to be cautious.

Social reach

Social reach is an important factor obviously if the person or team is not on social media you can't judge his/her personality and their way of working, you cannot predict their future and will you really going to get benefit from it or not ? .

Social Reach tells us about their popularity,Their Standard and Their Impression as Impressions Are The Winning Points

FileCoin 's Owner/Founder/Ceo Juan Benet has given all his Details over their Website His Twitter Account @juanbenet His LinkedIn profile https://www.linkedin.com/in/jbenetcs , His Education : Masters at Stanford University(CS),Bachelors at SU(CS) , his Current Project Protocol Labs and much more proving its trust

Explorer To See Different Statistics:

We have seen every Block Chain or Currency has its own Network Explorer where a person can search over different transactions and statistics of that transaction. This File Coin also Has its Own Explorer to See Storage Power Distribution,Network Overview , Top Miners and Many other things Easily On the Go !

Link to Explore The FileCoin Network

Market And Graph:

To have a knowledge and to predict a Person must have to visit the Market of That Particular Coin, Market Shows Graphs which helps a person to easily understand and predict it future but (We are not 100% Sure about our Predictions)

So here is the Graph of FileCoin's Market

Source : CoinmarketCap

Now if we look over graph we can see that its rising up but it might take some time.

White Paper And Necessary Documentations :

As mentioned by Crypto Professor we must pay a good attention towards a Currency's White Paper and its Documentation to look for its future as Everything is Written inside the white paper and if the Currency Is not following that documentation It might get us Suspicious

Here is the Screenshot Of FileCoin's Documentation With its Reference

reference

Comparison of FileCoin with Others:

Comparison is also another big factors which should be focused while investing in any currency like if we are investing in it why shouldn't we invest in others ? obviously we have find out benefits from any of them and those having more benefits would be your choice right ?

Here are screenshot of the comparison with proper Reference :

Comparison Between Filecoin and Big Storage Service Providers

Conclusion and My understanding Related to Crypto Market :

We are just a small part of this big world so we cannot predict valuable things out What i Think is
The big Investors/Whales can Change the way of Any Crypto Market as we have seen in stock exchange and other markets when the big investors withraw their money from any coin the coin gets dumped However i might be wrong but thats what i really think

In Case of FileCoin
All the Factors Mentioned Above are in favour of investing in this Coin .! And the reason is Stated and Explained all above !

I would appreciate Our Professors for their Time Reading Our homeworks and i believe @besticofinder would feel happy a little bit after reading this homework.

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I followed All The rules mentioned by @steemitblog and @besticofinder and I hope @besticofinder Would love reading my homework !

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cc:
@besticofinder
@steemcurator01
@steemcurator02
@steemitblog

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